NEWS
DTN Opening Dairy Comments
Robin Schmahl DTN Contributing Analyst
Mon May 13, 2013 10:44 AM CDT

Opening Calls:

Class III Milk Futures: Steady to 10 Lower
Class IV Milk Futures: Steady
Butter Futures: Steady

Outside Market Opening Calls:

Corn Futures: 5 to 8 higher
Soybean Futures: 10 to 15 Higher
Soybean Meal Futures: $3 to $4 Higher
Wheat Futures: 3 to 10 Higher

Milk:

The lack of support in the cash dairy product markets is overshadowing the cost of higher feed production due to traders focusing on available supplies of milk over the coming weeks. Milk is expected to trade moderately lower, although volume is likely to remain quiet through most of the morning. ...

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